INTERNATIONAL
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REA Group: Healthy market boosts listings and revenue
REA Group (ASX) has reported a strong start to the 2024 financial year, with revenue from core operations reaching $413 million, a 21% year-on-year increase. REA Group CEO Owen Wilson said this impressive performance reflects strong seller confidence and high listing volumes, providing buyers with more options and moderating house price growth. “Seller confidence continued to drive a strong listings…
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Million Dollar Listing New York’s Kirsten Jordan shares her secrets for real estate success
Kirsten Jordan, the luxury real estate powerhouse on Million Dollar Listing New York, has carved a path in one of the world’s most competitive markets. Here's her advice to fellow agents.
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Mortgage rates rise following Trump victory
Mortgage rates surge higher on Trump victory, causing housing stocks to fall.
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Political tensions high as one in five Americans report neighbour disputes
As Americans head to the polls, a new report by highlights the depth of political divisions in communities across the US.
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Americans eye Canadian real estate as 2024 election heats up
With the 2024 US presidential election going down to the wire, there's been a marked increase in American interest in Canadian real estate.
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NZ property market sees decade-high stock levels
Buyers are in the driver's seat in New Zealand as stock levels are at a ten-year high.
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Japan’s abandoned homes spark viral trend yet pose investment risks
As Japan faces a growing number of abandoned homes, known as akiyas, content creators are finding viral fame by buying and renovating these cheap properties.
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Why agents need to ramp up their social media game
Industry experts Steve Carroll and Melanie Hoole explain why authenticity, strategic content, and paid advertising are game-changers in real estate marketing
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Buyer activity climbs as Kiwis reconsider the ‘forever home’
Following New Zealand’s recent drop in the Official Cash Rate (OCR), the property market is seeing a noticeable increase in buyer activity. According to new data from realestate.co.nz, enquiries have spiked by over 25%, indicating rising confidence among buyers and echoing similar, though smaller, interest following the previous OCR cut in August. Vanessa Williams, spokesperson for realestate.co.nz, attributes this shift…
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US election: what to expect if Trump or Harris wins
Donald Trump and Kamala Harris present contrasting policies that will directly impact real estate, from interest rates to affordable housing initiatives.
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Build-to-Rent faces global challenges
The Build-to-Rent (BtR) sector in both the UK and Australia is playing an increasingly crucial role in addressing housing shortages.
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Australia urged to adopt European style co-operative housing to address rental crisis
The Business Council of Co-operatives and Mutuals (BCCM) recommends that the Government adopt co-operative housing like Copenhagen, Vienna and Zurich.
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US builders shift focus to condos and townhouses amid affordability crisis
Builders in the US are adapting to the ongoing housing affordability crisis by constructing more high-density homes according to new analysis.
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Rising house costs hit middle-class America hard
Much like what is happening in Australia, middle-class homeowners in the US are increasingly facing a financial squeeze due to rising housing costs, a trend that has accelerated over the past decade.Nearly 30% of middle-income homebuyers spent more than 30% of their income on housing in a significant increase from a decade earlier. This “cost-burdened group”, identified by a common…
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A global comparison: Sydney’s housing shortfall tied to slow transport expansion
A new report, Defining Density (Done Well), highlights that Sydney’s housing shortage is closely tied to its lagging transport infrastructure compared to global cities. Tokyo leads with 553 stations within a 30km radius, while Sydney only has 99. This stark difference limits Sydney’s ability to develop high-density housing near public transport hubs, further exacerbating its housing crisis. The report shows…
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Could long-term leasing be a solution to Australia’s rental crisis?
Currently, around 31% of Australian households rent, a figure that is expected to increase in the coming years. This shift highlights the growing need for secure, long-term rental options.
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DOJ sues RealPage over rent-pricing algorithm
The US Department of Justice and eight state attorneys general have filed an antitrust lawsuit against RealPage, accusing the company of operating an illegal scheme to drive up rent prices across the country.
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NAR facing lawsuit over access to listing platform
Beleaguered NAR has been hit with another lawsuit, however, this time it’s aimed at the industry requiring agents to be members to access their real estate listing platform.
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Step inside Polly Pocket’s life-sized dream compact adventure
Would you like to stay in a home that's pink, plastic, and doesn't have a working shower?
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Mount Vernon Cemetery hits the market: 33,000 quiet tenants included
Looking for a property where you can rest easy?
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Is Ryan Serhant still selling the world’s tallest penthouse?
Central Park Tower's priciest penthouse that was listed for US$250,000 with high-profile agent Ryan Serhant has been withdrawn from the market.
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European dream: Transforming a €1 Sicilian vacation home
In Europe, it’s not uncommon for small towns and villages to sell off old rundown properties for €1 in a bid to attract new people to the area.
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Gen AI leads McKinsey’s top tech trends for 2024
Despite the increased economic turbulence of 2023, investment in technology has shown resilience, with Generative AI leading the charge in innovation.
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Sam Lewis heads up Ray White’s expansion into Vanuatu
Ray White is headed to the tropical paradise of Vanuatu, with the opening of a new office led by local agent Sam Lewis.
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The tiny homes made from ‘junk’
Overcoming the financial challenge of entering the property market has become more achievable with the rise of the tiny house movement.
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Zillow, Redfin facing video privacy lawsuits
US-based, Zillow and Redfin are facing class action lawsuits over their alleged use of secret tracking pixels on their websites for video home tours.
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US housing shortage rises to 4.5 million homes
The housing shortage in the US has grown to 4.5 million homes, with a pandemic construction boom unable to stave off the dramatic deficit.
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Amazon to invest extra $1.4 billion in affordable housing
Amazon will invest an extra US$1.4 billion in its Housing Equity Fund, which is aimed at creating or preserving affordable housing in regions with major corporate offices.
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Australian’s ‘thriving’ in life but stressed at work
Australians and New Zealanders have reported “thriving” in life despite many being stressed at work and actively looking for a new job.
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Microsoft removes listing data from Bing Real Estate
Bing Real Estate has come under fire for allegedly listing properties sourced directly from Zillow, Redfin and Realtor.com.
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Harcourts to make it cool to be at school
The Harcourts Foundation has teamed up with Inspirational Women as part of an international campaign to support Fijian children in need.
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Sydney prime rents grow at the fastest pace in the world
Sydney prime rents grew nearly 20 per cent in the past 12 months, three times the rate of the next closest major international city according to new data.
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Melbourne and Sydney named as top international cities
Melbourne and Sydney have been named amongst the best in the world according to a new index of leading international cities.
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Facebook is shutting down Workplace
Meta, the parent company of Facebook, has announced it’s shutting down its enterprise communications business Workplace.
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The Zillow Gone Wild TV series set to premiere
A new Zillow Gone Wild TV series has premiered in the US, inspired by the popular Instagram account that has nearly two million followers.
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